True wealth and fake wealth

[Mr.right85]

Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.

OP isn’t doing enough research on these aspects to put today living and society before making projections and conclusions. This in itself can be misleading. Like, OP doesn’t understand that stable coins has some untrue principles. That for every Stablecoin out there, there should be a physical dollar equivalent which is mostly not the case.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.

I have read very few from OP lately and I can place how he seems to view things based on what is physical or tangible or government backed. I guess OP wouldn’t see much in we having to transmit information electronically as we do today. The manual post office and railway transportation of letters system would make much sense.

[ITExpert]

I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.

See, if one employs himself with false wealth, it is not a good work in the eyes of the world, when it involves hard work, but that money is of no use.  Yes, it is better if you earn less money and run the house, because firstly, it will be your hard work and the world will also favor you.  If you are talking about converting fake money into real money, that is also not a good thing because we should stay away from such a thing that will not happen to us tomorrow. 

It is better that you earn a few bucks by working a little during the day or at night and no one will disagree with you about it and it will not give you a daily headache.  Those who prefer it are mostly unwell because we don't get accused and it will end badly.  And I would not prefer to do something that harms you and others.

[Fortify]

Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.

I hate to break it to you but crypto will be the first thing to vanish if the world goes back to war. Crypto has largely been able to prosper because we are so interconnected and it is useful for trading, however if things got serious like Russia/China/Europe/USA getting involved in a tussle, then you start to see internet lines cut and anything net based will suffer. The blockchain relies on the free flow of information, just like our banking system, so it will suffer too. It's also very weird that you do not put land and property into the same bucket as precious metals, because they are physical objects that you can control. Everyone also needs a home and decades of property grow would tend to disagree with your assessment.

[gunungkembar]

Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.

I hate to break it to you but crypto will be the first thing to vanish if the world goes back to war. Crypto has largely been able to prosper because we are so interconnected and it is useful for trading, however if things got serious like Russia/China/Europe/USA getting involved in a tussle, then you start to see internet lines cut and anything net based will suffer. The blockchain relies on the free flow of information, just like our banking system, so it will suffer too. It's also very weird that you do not put land and property into the same bucket as precious metals, because they are physical objects that you can control. Everyone also needs a home and decades of property grow would tend to disagree with your assessment.

One should analyse the relative value of the different potential assets and compare how they will fare under different conditions, particularly in the worst-case scenario of war. If the digital infrastructure and Internet networks are affected, technology-based assets like the crypto might face significant issues. On the other hand, precious metals and physical property are strong investment currencies in a crumplezyear because their value does not hinge on technology and networks. Holding the land or property, as well as metals, can be helpful to have a well-diversified investment portfolio and some degree of protection versus higher risks.

[Onyeeze]

I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.

you know one thing about this place is that you will make a statement according to the level of your understanding and the the level of exposure you have so this two things is determined by the post you make for this place, it is clear that investment cannot be fake when you are achieving from your investment or when you are progressing in your investment but a process whereby the investment you are not achieving anything it can be a fake investment, from my way of understanding what is investment mostly real investment and investment that's not real

[STT]

China already goes out of its way to cut lines of free communication for its citizens so that scenario is already here and Russia and many other countries banned BTC.  So those negatives I believe were already visited in some shape or form prior.   Future negatives are going to happen without a doubt but ironically I think BTC is part of that picture and still expanding.

My basic reasoning is we have right now the time of peak FIAT as a phenomena, the idea of a currency backed by nothing but politics and promises.  But USA was founded on a solid element in exchange ofcurrency which itself was a copy of Spanish dollar, so how did it end up being the opposite and there is no fixed worth.  In fact the largest central banks promise to always devalue their own currency constantly, to enable liquidity apparently but its destructive for fixed value exchange.

I dont see any easy path, Im not disagreeing there but the amount of change will not be linear.  Im thinking we move into more information based exchange of value less commodity based, so a reversion to gold as some imagine is not especially likely even in a war.  Gold has its place but not in people pockets to buy groceries in future imo.

[icalical]

I don't think it is correct to refer to assets such as land, property, and stocks as "fake wealth." Over time, these have been able to hold up and grow in value during tough times. Property appreciates over time, and businesses still function and make stocks possible to invest in on a long-term basis. While cryptocurrencies and tangible assets like gold do provide room for flexibility, they come with their sets of risks-most specially about stability.

USDT and USDC each have certain advantages in self-custody but involve a degree of risk. USDC is viewed as being somewhat more transparent since it has far greater regulatory compliance, while USDT has been under suspicion due to the mystery of its reserves. It is not good to fully place reliance on the stablecoin itself or to predict any major crash in the likes of the United Kingdom pound. Although the pound is in turmoil at this particular point in time, it is nevertheless a very important world currency and would be an oversimplification to predict that it will crash.

[bitgolden]

Having real estate type of investment would be a lot better and that would be something that we can all get money from and that is the most important thing. If you can get bitcoin that is true as well because we are going to consider that as asset as well as currency, so that is why I think we should be considering this as very important profitable thing to hold and also another important thing is that we are talking about an asset that you actually hold yourself, just put it on your wallet and nobody has control over it, no company no government no bank nothing can meddle with it and that's why it's liked this much.

This is why I think we should be considering this as very profitable asset. Doesn't mean other assets are all bad, of course it's fine but that doesn't mean it's that bad, we can make this work one way or another if we want to, I just prefer bitcoin over other ones. This is why I think it's quite important to have your preferences.

[CageMabok]

One should analyse the relative value of the different potential assets and compare how they will fare under different conditions, particularly in the worst-case scenario of war. If the digital infrastructure and Internet networks are affected, technology-based assets like the crypto might face significant issues. On the other hand, precious metals and physical property are strong investment currencies in a crumplezyear because their value does not hinge on technology and networks. Holding the land or property, as well as metals, can be helpful to have a well-diversified investment portfolio and some degree of protection versus higher risks.

Now everyone should think more openly because physical assets like metals, property and land will also not be easier to use in adverse conditions such as war. Property and land will be more easily destroyed if not properly guarded and their value will also tend to decrease if located in a country that is at war. Likewise, precious metals will be more easily stolen if we cannot store them very well because such assets always require a good vault to store them safely.

Meanwhile, crypto assets such as Bitcoin will still have value even if there is a network disruption in a country due to war conditions, because every Bitcoin owner can still access wallets and global exchanges in other countries using the internet network. So in general, Bitcoin owners can still store it safely even though the price itself can be affected for a while due to these conditions, but this kind of thing will not last long as investors can still live in safer countries to buy and sell their crypto assets into the global exchanges they often use.

[Smartprofit]

In my opinion, wealth is not assets (real estate, stocks, bonds, cryptocurrencies, etc.). Wealth is an asset management system.

What good are your assets if you are under criminal prosecution? Or if you are in a war zone? Or if you forgot your private key? Or if your company's CEO turned out to be a thief and a fraudster and transferred all your funds to an offshore company abroad?

It is the competent management of your assets that creates wealth. And proper management is based on specialized skills and abilities, while taking into account both regulatory and legal issues, accounting issues and security issues.

At the same time, all the assets listed above - cryptocurrencies, real estate, bank deposits, stocks and bonds - are the basis for creating wealth.

[Oluwa-btc]

The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

What are you even talking about, that true wealth is something you do what? Where do you get that explanation from and there's nothing like fake wealth as well, I think you need to elaborate this in a very broad manner and why do you think food and all that is true wealth and  necessarily I can't really get this statement of yours.But mind you true wealth can be generated from different angles and perspective
and it differs in alot ways too,tho land, properties could be classified as true wealth but I haven't heard of fake wealth so I can't really put in more idea to that or make any point from it,so anything could be wealth just as it has value, just like Bitcoin holding it could make one generate wealth you know, that's why I think your context in explaining both fake and true wealth matters.

[N.O]

The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

What are you even talking about, that true wealth is something you do what? Where do you get that explanation from and there's nothing like fake wealth as well, I think you need to elaborate this in a very broad manner and why do you think food and all that is true wealth and  necessarily I can't really get this statement of yours.But mind you true wealth can be generated from different angles and perspective
and it differs in alot ways too,tho land, properties could be classified as true wealth but I haven't heard of fake wealth so I can't really put in more idea to that or make any point from it,so anything could be wealth just as it has value, just like Bitcoin holding it could make one generate wealth you know, that's why I think your context in explaining both fake and true wealth matters.

True wealth is that which you can hold and you accupy that . In the case of land , you should buy that land that occurs in your residential area and you have an access of doing business by that. You can get fare from that is that is good land and you can use that for your personal purposes and you can store your items in that.   Fake money is that money which is in the bank and bank can be bankrupted and we can lose all our money if we didn't save  our money in trusted bank . Banks are doing the businesses of  different kind abd they are investing their money in the assets and  also currency is fake money but poor people think that it is real money and they are rich due that mindset.

[uswa56]

What are you even talking about, that true wealth is something you do what? Where do you get that explanation from and there's nothing like fake wealth as well, I think you need to elaborate this in a very broad manner and why do you think food and all that is true wealth and  necessarily I can't really get this statement of yours.But mind you true wealth can be generated from different angles and perspective
and it differs in alot ways too,tho land, properties could be classified as true wealth but I haven't heard of fake wealth so I can't really put in more idea to that or make any point from it,so anything could be wealth just as it has value, just like Bitcoin holding it could make one generate wealth you know, that's why I think your context in explaining both fake and true wealth matters.

True wealth is that which you can hold and you accupy that . In the case of land , you should buy that land that occurs in your residential area and you have an access of doing business by that. You can get fare from that is that is good land and you can use that for your personal purposes and you can store your items in that.   Fake money is that money which is in the bank and bank can be bankrupted and we can lose all our money if we didn't save  our money in trusted bank . Banks are doing the businesses of  different kind abd they are investing their money in the assets and  also currency is fake money but poor people think that it is real money and they are rich due that mindset.

Having good land to run a business, of course, it will be very profitable, but of course, the business field that we will build is indeed very much needed in the area, because with the existence of private land that we can indeed use as a place of business, of course it will be able to reduce the cost of being able to rent the place of business that we build.

The mistake of choosing a bank to save money, of course, can eliminate the money we have when the bank has problems and is not responsible for the money we deposit in the bank, if you can manage the money you have and also make a profit, of course it is better than saving money in a bank which will benefit the bank more than we save.

[Gentle_Soul]

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.

Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.

True wealth really is one that you who own it can actually control the way you wish to , a whole lot of times banks have proven to be disappointing and not been able to give prompt delivery  when needed so for me it's better to think outside the box and also be proactive

[Z_MBFM]

Now, since I know the difference between fake wealth and true wealth, will you give me fake wealth? I don't mind with fake wealth, you can keep the true wealth.

I will rent my land and property so I will earn passive incomes, then I will convert all money in banks, stocks and bonds to Bitcoin, so I will stay rich. I don't need to think about working anymore, I can be free and do anything I like in my life.

When you have a land or a house po party it is a pure asset for you because the size of a country is fixed due to which day by day the population will increase but the size of a country can never so as time goes by the value of land and house property will increase.  So in that case if you keep your land or house property on rent then it will be a source of passive income for you and you can live a comfortable life without any worries.  But if you want to keep money in the bank and manage your life without doing any work, then it is a completely wrong decision because the rate of inflation is increasing day by day and the value of money is decreasing day by day.  So now think about which one is true wealth and which is fake wealth

[Zoomic]

After seeing this post title "true wealth and fake wealth", I expected something totally different. What I feel should be classified as fake wealth are those classes of wealth that eventually become some sort of liability to the owners. Some people do not know how to accumulate wealth, once they earn a significant amount of money, they start buying cars, building houses and accumulate other assets that will warrant them to incur maintenance costs and they will ignorantly call all those wealth. Those are actually liabilities to them, "fake wealth". That is why some so called wealthy people end up selling off some of their properties because they can no longer fund its maintenance cost.

True wealths should be those that last for long term. They should be able to generate returns to the owners instead of making the owners spend more to use them. Wealth should make one richer and not poorer.

[South Park]

After seeing this post title "true wealth and fake wealth", I expected something totally different. What I feel should be classified as fake wealth are those classes of wealth that eventually become some sort of liability to the owners. Some people do not know how to accumulate wealth, once they earn a significant amount of money, they start buying cars, building houses and accumulate other assets that will warrant them to incur maintenance costs and they will ignorantly call all those wealth. Those are actually liabilities to them, "fake wealth". That is why some so called wealthy people end up selling off some of their properties because they can no longer fund its maintenance cost.

True wealths should be those that last for long term. They should be able to generate returns to the owners instead of making the owners spend more to use them. Wealth should make one richer and not poorer.

That is one of the main differences between those that know how to manage their money and those that do not, an asset and a liability may seem the same to those that do not know how to manage their money but they are in fact very different, very often I see people buying a huge house they do not need in order to live there and they call it an investment, and this is a mistake as it is a liability, it would have been better for them to buy a much smaller house, pay it as soon as possible and use all of that extra money to build a business or buy other properties they can rent or sell for a higher price.

[CK485]

After seeing this post title "true wealth and fake wealth", I expected something totally different. What I feel should be classified as fake wealth are those classes of wealth that eventually become some sort of liability to the owners. Some people do not know how to accumulate wealth, once they earn a significant amount of money, they start buying cars, building houses and accumulate other assets that will warrant them to incur maintenance costs and they will ignorantly call all those wealth. Those are actually liabilities to them, "fake wealth". That is why some so called wealthy people end up selling off some of their properties because they can no longer fund its maintenance cost.

True wealths should be those that last for long term. They should be able to generate returns to the owners instead of making the owners spend more to use them. Wealth should make one richer and not poorer.

From the wealth that we have, it should be able to produce long-term results, so we have to invest in land for agriculture, it will definitely produce results if it is managed well, and the price also increases relatively every year, depending on the place and location that we will buy.

[adzino]

So according to you fake wealth is something you don't have control over? And you consider fiat money as fake wealth because you cant control it? Then what about the volatility of the price of crypto currencies? You don't have control over the price or the market. If you hold crypto currencies only, your wealth might be $100 today, but tomorrow it might end up being less than $50. So not a wise choice to be honest. And then you mentioned about stable coins. Just letting you know that all stable coins are centralized and that they can freeze your wallet anytime they like just like fiat banks.

[Zoomic]

After seeing this post title "true wealth and fake wealth", I expected something totally different. What I feel should be classified as fake wealth are those classes of wealth that eventually become some sort of liability to the owners. Some people do not know how to accumulate wealth, once they earn a significant amount of money, they start buying cars, building houses and accumulate other assets that will warrant them to incur maintenance costs and they will ignorantly call all those wealth. Those are actually liabilities to them, "fake wealth". That is why some so called wealthy people end up selling off some of their properties because they can no longer fund its maintenance cost.

True wealths should be those that last for long term. They should be able to generate returns to the owners instead of making the owners spend more to use them. Wealth should make one richer and not poorer.

That is one of the main differences between those that know how to manage their money and those that do not, an asset and a liability may seem the same to those that do not know how to manage their money but they are in fact very different, very often I see people buying a huge house they do not need in order to live there and they call it an investment, and this is a mistake as it is a liability, it would have been better for them to buy a much smaller house, pay it as soon as possible and use all of that extra money to build a business or buy other properties they can rent or sell for a higher price.

That is why sometimes we wonder why some people who we believed were rich and wealthy suddenly become poor all of a sudden. They wasted lots of their resources accumulating liabilities (which I think are fake wealth). It is true that lots of people do not know the differences between assets and liabilities and I still blame them for making some kinds of financial mistakes when it comes to creating wealth. There are lots of financial advisors who can give them sound financial advice on how to spend their own money and reserve some for real wealth creation. Some people just love to learn the hard way.